Wildhorse Resource Development (NYSE:WRD) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Wednesday, January 3rd.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded Wildhorse Resource Development from a “sell” rating to a “hold” rating in a report on Saturday, September 9th. Iberia Capital started coverage on Wildhorse Resource Development in a research report on Wednesday, September 27th. They issued an “outperform” rating and a $18.00 price objective for the company. Piper Jaffray Companies reissued a “buy” rating and issued a $18.00 price objective on shares of Wildhorse Resource Development in a research report on Sunday, October 22nd. Imperial Capital reaffirmed an “outperform” rating on shares of Wildhorse Resource Development in a research report on Friday, November 10th. Finally, BMO Capital Markets set a $21.00 target price on Wildhorse Resource Development and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $20.64.
Wildhorse Resource Development (WRD) traded up $1.21 during mid-day trading on Wednesday, reaching $19.94. 696,268 shares of the company traded hands, compared to its average volume of 662,010. Wildhorse Resource Development has a 1-year low of $10.36 and a 1-year high of $19.97. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $2,020.00 and a P/E ratio of 44.31.
Wildhorse Resource Development (NYSE:WRD) last issued its earnings results on Wednesday, November 8th. The oil and natural gas company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.08. Wildhorse Resource Development had a return on equity of 1.24% and a net margin of 8.88%. The company had revenue of $122.50 million for the quarter, compared to the consensus estimate of $117.89 million. The business’s quarterly revenue was up 269.0% compared to the same quarter last year. sell-side analysts expect that Wildhorse Resource Development will post 0.34 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Sei Investments Co. increased its position in shares of Wildhorse Resource Development by 65.7% during the 2nd quarter. Sei Investments Co. now owns 38,729 shares of the oil and natural gas company’s stock worth $479,000 after purchasing an additional 15,354 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Wildhorse Resource Development by 70.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 88,619 shares of the oil and natural gas company’s stock valued at $1,097,000 after acquiring an additional 36,489 shares during the period. Rhumbline Advisers bought a new stake in shares of Wildhorse Resource Development during the 2nd quarter valued at $317,000. Bank of New York Mellon Corp lifted its position in shares of Wildhorse Resource Development by 67.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 114,007 shares of the oil and natural gas company’s stock valued at $1,410,000 after acquiring an additional 46,100 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Wildhorse Resource Development by 69.7% during the 2nd quarter. American Century Companies Inc. now owns 778,317 shares of the oil and natural gas company’s stock valued at $9,628,000 after acquiring an additional 319,748 shares during the period. Hedge funds and other institutional investors own 95.73% of the company’s stock.
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Wildhorse Resource Development Company Profile
WildHorse Resource Development Corporation is a holding company. The Company is an independent oil and natural gas company. The Company is focused on the acquisition, exploitation, exploration and development of oil, natural gas and natural gas liquid (NGL) resources in the United States. Its assets are characterized by concentrated acreage positions in Southeast Texas and North Louisiana with multiple producing stratigraphic horizons, or stacked pay zones, and single-well rates of return.
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